The global industrial safety gloves market is expected to record a CAGR of 4.17% during the forecast period 2020-2025.
- The growing demand for efficient gloves with better grip and convenience is encouraging the key players to do continuous product development and launches. For instance, Showa launched a safety glove named ‘Showa 379 gauntlet’ which provides extra chemical resistance and highly flexible.
- Owing to the highly-fragmented nature of the market, expansion and acquisition are seen as the key strategies adopted by major players. For example, Ansell Ltd acquired BarrierSafe Solutions International, a leading North American provider of single-use gloves.
Key Market Trends
Increasing Awareness at Workplaces to Drive the Industrial Safety Gloves Market Growth
Growing awareness about safety and hygiene at workplaces is anticipated to drive the market growth across the world. Additionally, stringent rules & regulations and rapid industrialization are encouraging the usage of safety equipment including gloves at different workplaces, which is supporting the market growth from the last few years. However, deviations in raw material prices and the growing presence of unorganized sector are restricting the expansion and development of the market. Numerous initiatives taken by government associations and continuous R&D activities for product development are likely to create development opportunities for the market. Growth of labor concentrated industries, such as construction and healthcare, is expected to influence the demand for different industrial security equipment including safety gloves.
Asia-Pacific to Witness Fastest Growth Rate in Industrial Safety Gloves Market
In the Asia-Pacific region, the rising presence of various service and manufacturing industries, and stringent government rules and regulations on industrial safety is driving the market growth in the region. For instance, the Occupational Safety and Health Administration (OSHA) offers information on worker protection for functioning in various industrial settings with imposing rules and regulations. Industries in North American regions are strictly following safety standards and regulations, which is supporting the market growth of industrial safety gloves in the region. Every manufacturing company has a quality department to check the quality of industrial gloves to ensure that the procured gloves are up to the mark in real-time operations, which are influencing the demand for high-quality safety gloves in the region. In Europe, rising industrialization and growth in the number of workers across the region are major factors expected to support the demand for industrial safety gloves, especially in Germany, France, and Italy.
The industrial safety gloves market is competitive with major players, like Honeywell International Inc., 3M Corporation, Top Glove Corporation Berhad, Ansell, and Hartalega occupying the majority of the share of the market. The companies are rapidly expanding their presence in the market by adopting innovative strategies, such as launching new products. For instance, in May 2017, Ansell launched MICRO-TOUCH DENTA-GLOVE SERIES, a portfolio of dental examination gloves. All products in this series are certified for use in oral examinations for patient safety and peace of mind and are designed with the most advanced film technologies to meet the unique and demanding needs of the dental profession.
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